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that mahogany like a red burgundy color. so, in india the bridal colors are red. we usually wear red, maroon, burgundy-- so they say that the bride's hand shouldn't show color of her skin. >> reporter: sunitha met her husband-to-be, ronjit sandhu, who is a sikh, at college eight years ago. >> the henna artists told me yesterday the darker the henna the more your husband and your in-laws love you. so my hands are dark, but not down here so much. >> reporter: the groom's mandate on the wedding night is to find his name hidden in the design. >> the night of the wedding, i'm supposed to find... i'm supposed to search for my name in the henna. and then if i can't find it, basically i'm not allowed to consummate our marriage. >> reporter: the next pre- marriage ritual, performed is the puja, where the bride's family's hindu pandit prays before a sacred fire. >> we pray to lord ganesha asking for his blessings, s s that everything goes very smoothly without any obstacles. >> reporter: when sunitha's parents married, not only were they required to be of the same faith, but they were expected to marr
lash. >>> and from india, a human rights gro charged today tha theolice system in that country needs some jor overhaul to meet internation andards. human rightsatchsaid that while india is modernizing rapidly the police coinue to use old thods including abuse and teats. it said the poce sometimes detained pele illegally, torture and kill spects and refuseto investigate crimes against the politically powerful. thindian government had no immediate response. >>> was the british government complicit in the torture of terror suspects in a secretork conducted by wtern intelligent agencies ovethe last eight ars? that questiowas raised after the release of a paistani man ben yan mohammed from amecan custody at guaanamo bay, cuba. when mohammed returned to britai he sued the governme in a test case ciming the intelligence ageny, miify was involved in his investigations while government aims its got nothing thard a paliamentary commissn is now calling for independent vestigation as we hear fromandrew thomasf itn. >> reporter: british interrogators quesoning uspects abroad ether just aftemistre
. archipelago off of southeast india. the comment by the president of the maldives has this report from deutsche welle. especially telling, as his country goes, so may go the rest of the world. >> reporter: is an island in the north malay group. it's home to about 2,000 people. for generations they have lived from the sea but now the sea itself is threatening their livelihood. the land here has been vanishing for years. and the rate of erosion is increasing. this year, some 15% of the land mass has been lost to the rising sea level. people are worried. not long ago, they could look out to the sea, but now the waves are gnawing the beach away. >> translator: just two weeks ago, you could sit out here comfortably and look out to the ocean in evening. now just look, the beach has almost disappeared. the water is getting higher and higher and the tides are getting stronger. >> reporter: just a few days ago the water inundated the streets. the water all but destroyed this small harbor here. >> translator: we got the land years ago and we built a house. but now the sea is tearing huge pieces of our la
robbed their national treasuries and abused their powers? >>> a court in india sentenced two men and a woman to death today for their roles in the 2003 terror attack in the city of mumbai. in that attack two taxis blew up within minutes of one another, killing 52 people. investigators say the three were members of the lashkary tibia, a banned militant group that has also been blamed for the attacks in mumbai that killed 106 people late last year. lawyers for those sentenced today said they would appeal. death sentences in india are rarely carried out. >>> this was another deadly day for u.s. forces in afghanistan, as casualties in that war rise sharply. the u.s. military said four marines were killed when a roadside bomb struck their vehicle in western afghanistan. in the six days of this month, at least 15 western troops have been killed in afghanistan. >>> in the middle east today, a prominent human rights group said thousands of rockets fired from the gaza strip into israel were unlawful and unjustified, and amount to war crimes by the hamas leadership in gaza. those attacks c
in india and africa. >> here at home, we have as much a need as i do when i travel to the most remote areas of india, and that's very heartbreaking. most of these people work. they have jobs, but they work for small companies that can't afford to give them insurance. >> reporter: for doctors and painters here, the shouting over health care reform is incomprehensible. >> walk in my ses. try it a couple of weeks. you won't last. >> reporter: sutana green works for the city of long beach. she could be speak for every patient here. >> i have five children, and i'm a single mother. so for me, this was a blessing. >> reporter: now, katie, this has been going on all day. the doctors here are overwhelmed. they don't have enough volunteers to meet the need. now, they expect to serve more than 1,000 people a day through tuesday, and after they close down, they expect to send thousands more away unserved. katie. >> couric: bill whitaker in inglewood, california, bill, thank you. as tempers flare in the health care debate, both sides are employing everything in their arsenals to win over americans, and
into the g8 and then you go to g9 and india and brazil will say what about us? so maybe you need a g11. >> i didn't hear russia in there. >> russia's already in the g8. you read it. >> china clearly is on at sent, particularly -- on the assent, particularly on economics. they are spreading their tentacles now into central and south america, reinvigorating relationships with chavez and the castro brothers in cuba. they are also reaching deep into africa and the middle east. so we've got to watch them strategically as well as economically. >> so exit question, is it obsolete or not, the g8? >> no, it's not but it will have to be slowly enlarged to include india and probably brazil. >> i'm not advocating a g2. i'm just saying china and the u.s. have to be partners in a lot of areas. >> i agree. >> the vice president of the united states is encouraging the china/u.s. relationship. she deserves a lot of credit. >> new york the secretary of state. >> excuse me, the secretary of state. >> right. >> there's been renewed interest in asia since barack obama came to power. hillary clinton's been to sou
in india, as well. india will be an economy we will take far greater notice of as the years go by. i agree totally in the decoupling. we are continuing to see that shift in economic power from west to east. we have too just to it. you have to adjust to it. far more severely than we do. it isn't something that is going to go away. but it cannot done and we will do it. but whether it will be deflationary or not, i'm not quite sure. >> meanwhile, howard, if i can just change tax slide, a large part of the rally in europe has been from financials. but we heard from rbs today who added realism. >> yes, they did. it has been an amazing week. yes, we were very glad the it's all over. what a week for banks. the good, the bad and the ugly. well, if the ugly is royal bank of scotland today, then we can actually live through it. but you know, the bottom line is that there's still a massive write-off here. banks are not performing in the way, the manner which they need to. there's a lot of clearing of decks to do and there's a lot of change of strategy still to come. but well done to those like hsbc a
china is about 30%. if you look at 40 years down the line, china and india will be above that. so you have an enormous structure taking place and, therefore, a strong engine of growth. clearly, if the u.s. consumer was going to collapse again, i don't think the chinese, indian, brazilian consumer would be able to compensate. but if we have a stabilization, as i believe we will have in the western economies, i think that the marginal call is going to be on the emerging economies and i think that's the engine of growth. >> manford, what do you think? to believe what virginie said makes you think asia can decouple with what's going on in the rest of the world. >> i have to agree with her to a larger extent. the asian consumer is becoming more important. but the absolute numbers don't show it. it shows an increasingly large consumer. but we need the situation where the u.s. consumer does recover to at least a moderate extent. i don't think complete decoupling is a possibility. >> mamprett gill, thank you, thank you, virginie, as well. >> thank you. >>> west lb is refusing to comment on su
of india, july imports 68% year over year. exxon mobile and petro china, $41 billion deal for gorgon project in australia. but that is making major news in the gas complex today. mark, back to you. >> a rally in asia overnight. let's check out some numbers. shanghai composite, jumping 1.4% a day after suffering its biggest loss of the year. bombay sensex up 7%. what's going on in europe, guy? >> we are in positive territory at the moment, but as you can see the cac is off. barely in positive territory. the story remains very, very cautious. volatility is down fractionally but nonetheless looking at a very, very nervous market. let me show because we've done today. the housing data did have a big impact on the markets, dragging us down and stoxx 600 is up by 0.5% at the moment. let me talk about the data points out today. uk inflation is very, very stick y it's still positive, one of the on the advanced economies that still have economy at 1.8. you strip out mortgages that number goes negative. the survey out of europe very positive as well. making pointing to a positive g3 for the ge
, india and pakistan, they are not bound by the treaty, but iran is. iran violated that treaty in approximate a series of different respects and iran has been sanctioned by the united nations for those violations. the sanctions are too weak to cause a change in iran's behavior, but at least it it demonstrates iran has violated the treaty responsibilities. the fact is that while iran has the right to develop electricity from nuclear power plants, they are flaring their natural gas they could generate electricity for a couple kilo watt. >> host: why are they? >> guest: they have no way to export it, liquiified natural gas plant to markets. >> host: back to afghanistan, full page, photograph for afghans, a new test of democracy, their presidential election. their elections are coming up in 10 days, i believe august 20th. what are your hopes for the election? >> guest: a fair and free election would be outstanding step toward building afghanistan as a state. i can't tell you that i'd vote for this candidate or that can d candidate? >> host: is karz ai the best candidate to hav
. if we do the decent thing, the nuclear arsenal will be hard. greta: and do what? india is next door. they hate each other. what can we do? >> the military is called the steel skeleton because it is the one institution that holds the country together. we need to make sure does not turn against us. it is not anything we can do in a few days or few months. if we lose the struggle and the radicals takeover, they have dozens or hundreds of nuclear weapons to use against india. the stakes in pakistan are very high, higher than afghanistan or iraq. greta: we hear the nuclear arsenal is safe and under control. i do know why, but i do not feel comfortable with that. can the committee that is true? he was like the walmart and nuclear weapons. he was giving a clear weapons all over the world to north korea, syria. he is a hero in number three. the worst thing they did was give him a house arrest. >> >> i dealt with that when those in the government. from a technical point of view, it is unlikely you will have an accidental detonation of nuclear weapons. greta: i'm not worried about that. >> th
and i have proof of this. four or five weeks ago i was in india for the first time. very excited. very early in the morning about to visit the taj mahal and picked up the paper as i was going into breakfast and there was a picture of gabriel marquez whoever ran the newspaper new it was a face that readers would recognize. he was very well known in india and the story rather marquez would ride together. to be put on the front page in terms whether he would write again and the same would happen if you ask in india or turkey, they might or might not know but they do know those people who read. which is why i have asserted high maybe wrong, but he is perhaps the world's first global novelists. 100 years of solitude which he published in 1967 was the world's first global novel that would make sense because it makes the transition from what we call traditional society mainly preliterate society from technology society that most countries are. one of the things i discovered >> it appears in the headlines and latin american newspapers and they know what is peacock. >> one of the things that st
we do? i know the nuclear arsenal is terrifying, and you've got india next door and they hate each other, but what can we do? >> well, i think in pakistan, the military, which the people there are called the steel skelton, because it's the one institution of government that really holds the country together. we have to make sure that does not turn against us. that's not going to be anything we can do in a few days or a few months. it's a long-term proposition. if we lose that struggle, though, and the radicals take over in pakistan, they've got dozens, maybe hundreds of nuclear weapons to use against india or to give the terrorist groups that can be used around the world. the stakes are very high around the world, i think today higher than afghanistan or iraq. >> can you -- i mean, we hear from our government that the nuclear arsenal is safe, that it's under control. i don't know why, but i don't feel comfortable with that. can you convince me that that's true? i know that even a.q. khan, is almost like the devil, like the wal-mart of nuclear weapons. he's giving nuclear weapons al
happens. [laughter] >> that will definitely have an impact. >> talk about rising competition from india and vietnam and parts of southeast asia, there are now planeloads of american executives arriving americans on the ground as they do not come. it is too expensive already pregnant inflation in vietnam is already 16%. and wages are rising very quickly not to mention that in fee and all the whole population and is smaller and on the much smaller scale. besides a lack of enforcement at this is a huge advantage. we're in an interesting and transitioned that we have the cluster is built up on the coast and now the world is looking for a place to bill lacklustre is where it is cheaper and become more efficient and you take any industry i think of bra industry is in crisis. she is wringing her hands and she does not aware she can source of bra. it is not for attribution but it is interesting to see where they will end up. will they end up in india or vietnam? might experience is it is not that much cheaper to go inland but logistics' are a much larger percentage of cost rages are not as chea
. on his visit to india in 2006, david cameron said he believed it was time for britain and india to forge a new special relationship, focusing particularly on fighting terrorism, protecting the environment, and globalization. india is also leading member of the commonwealth, an organization which has been neglected and undervalued under the labour government in britain. in last year's strategy documents, the only mention of the commonwealth was in the title. it is extraordinary -- it is the unique network of 53 country spanning five continents with 35 of the world's population -- 3 favre% of the world's population. -- 35% of the world's population. a good example of how it could be used is to encourage to take a leading role in addressing state failure, like coordinating a future rehabilitation package for its former member, zimbabwe. if the commonwealth is not the only group of countries where rican recreate historic connections on a new, modern basis. i have long argued that britain should embark on the elevation of its links with many of the countries of the middle east and gulf, not o
talking you with you. thank you very much. let's head out to india right now. mumbai for the latest on the india bit report. ayesha faridi joins us. hello, eayesha. >> thanks for that, christine. after a very tough day, more action seen for the broader market. while the sensex is a shade odd in the green, the crucial point, i think, is that is standing above that 4,700 mark. and it's the broader markets which have seen more. meantime, of course, a lot of things are really playing up. banking is one such bank. this led to the kind of recovery that we have seen today. so a couple of these counters and not just the heavyweight counters, development credit bank amongst the midcap banks had been showing you gains of about 5 odd percent. you've got axis bank is holding up by about 1.5%. icici bank, over a 3% move. l&t is doing out quite well. in the meantime, we have got a couple of news reports, still unconfirmed, that india plans to sue the euro union at the world trade organization at the wto for allowing big pharmaceutical companies to detain engine nettic drugs in transit to developi
billiton, marius kloppers. that's at 8:40 eastern. let's turn now to india. ayesha faridi joins us live from mumbai from the india business report. ayesha. >> thanks for that, christine. it's a bad wednesday for the indian economic markets. it's sliced through 4,600, 4,500 and has even broken the 4,400 market in trade today. it's recovered from the low point of the day. just about half an hour can ba, we were seeing 2% cuts for the sensex and the nifty. the bodder markets reeling under pressure there, as well. in fact, most technical analysts do believe that 43.50 thereabouts is now the next resistance thorn for the market. the big losers in trade are the entire technologies space. you've got realty which is facing a lot of pressure in trade today. so these are the two weak pockets. besides that, a whole hoeft of these heavyweight counters have also been weak. but economic data has been very positive. we have market expectations about 7.8% across the board growth, but currently, the market is more worried about the global weakness that we are seeing. with that, it's back to you. >> ayes
on india? we have the economy growing 6.1% in the june quarter. how sustainable is it once this sort of stimulus kind of wears off? >> well, it seems that, you know, all those countries that have been hit much harder than the u.s. itself, the u.s. was the epicenter of the crisis, but all the asia countries have been hit much harder and have fallen down further. so they rebound also in a stronger fashion. i think this is just a rebound of, you know, looking like more recovery potential. but i think, you know, as the u.s. is also picking up speed now in the third quarter. we should be quite a sustainable recovery across asia. >> yeah. we also have in japan, of course, a new government in place. we also have mixed data coming out, japan today. we have industrial output better than expected growing 1.9% in july, but retail sales also falling in july, as well. how do you think all of this is going to weigh on the bank of japan? >> well, we think that the bank of japan is going to keep the monetary policy for a considerable period of time. but certainly what we are now seeing is at least i
-- countries are getting. >> austrian doubles pair pulled out of the world badminton championships in india due to concerns about security. they withdrew from but torment following the lead of the eight- strong england team that flew home after citing a specific terrorist threat. tennis, nadal's returned to the court lasted only 36 minutes -- it was curtailed not to an injury to him but his opponent. he had not played competitively since is french open defeat. his says his knees felt okay during the time spent on the court. but is opponent had to retire. next match against germany's philip -- that is all the sport for now. >> thank you did a summary of the top story -- the libyan man convicted of the lockerbie bombing is likely to be freed on compassionate grounds next week. the bbc understands. al-magrahi, who has terminal prostate cancer is serving life for killing 270 people when pan am flight 13 exploded. the scottish minister said developments were complete speculation. >> funding for this presentation was made possible by the freeman foundation of new york, stowe, vermont, and honolulu, t
are the jobs? so the president has gone to india to tell people -- indiana to tell people that they are one of the states that will be getting quite a bit of the stimulus monday, that there will çbe incentives available for te building of batteries and battery-powered cars. that is what he is there to say. that part of the country is suffering heavily. unemployment in the area is near 20%, just about double the rest of the country. as we prepare for his remarks, let us go to our white house correspondent. mike emanuel, what else do we expect to hear from the president? >> president obama is bringing great news to the country -- company. they will begin a $39 million grant work on manufacturing electric trucks. that means when the company is fully manufacturing them, it will be able to create more jobs in the area. the company manufactures rv's. obviously, that industry took a huge hit when gasoline prices shot up, and the recession hit hard. the company had to let go a lot of people, manufacturers went out of business, and then navistar came in, but the area is still suffering from unempl
colombiano de no asistir es inamovible. >> el pÁnico hundiÓ en una ciudad de la india lo que se reportara la primera muerte por la influenza ah1n1, muchos se congregaron frente a los hospitales para recibir asistencia preventiva. en corea del sur, policÍas descendieron de un helicÓptero, un contenedor de una fÁbrica de vehÍculos, sumisiÓn era ponerle fin a la ocupaciÓn de una fÁbrica por parte de cientos de trabajadores en huelga, los trabajadores se rebelaron contra un plan de recortrt que anunciÓ la gerencia. dos huelguistas resultaron lesionados. tras la pausa,cientÍficos descubren una hormona que podrÍa tener mucho que ver con el deseo de comar. una familia de texas estuvo a punto de cumplir un siglo sin tener descendientes femeninos. y disfrutah@tf[iskph@tfíwfkpph@p >> un no estudiorela que una hormona produce por la grasa fue llegar a explicar porquÉ cosmos cuando no tenemos hambre. tras liberar esa hormona, disminuyo el deseo de comer en ratas, las koresh tambiÉn tarde empezÓ. h@tofdm]i÷lkph@h@h@tofdm]dj÷kph@ pero ahora todo eso cambiÓ tras el nacimiento de dos niÑas
- the ceo's of ford, chrysler, and gm say they'll take a salary of just $1 a year. >>> officials in india are blaming pakistani terrorists for the ten violent attacks in mumbai last week. u.s. secretary of state condoleeza rice is visiting the area hoping to ease tensions between the countries. >>> a surprising number of teens admit they cheat on tests. in fact, a study found 64% of high school students do it. teachers and students say there's a lot of pressure on teens to succeed. >>> as if 14 olympic gold medals weren't enough -- swimmer michael phelps has won a new title. "sports illustrated" named him sportsman of the year. >>> that's headlines for this week, for "teen kids news, i'm lauren. >>> most kids are able to take their health for granted. but not those who have to cope with an illness that starts when you're young and lasts a lifetime. felipe tells us what it's like to manage a life threatening disease. felipe? >> reporter: jessica, it takes a lot of responsibility. kids who have type 1 diabetes can never put it out of their mind. >> when i first found out, i couldn't believe
, to places on the other side of the world, like india. and it wouldn't be possible without teens. >> teenagers are powerful. the youth is powerful. and by getting involved, and realizing that you're important, that you're worth it. you can make a change in your own community. with that as a part of your life, you can do anything. >> i've got to see a house from the beginning, where it's an empty lot, to a finished product, which is great. and i hope i can continue working with habitat the rest of my life. >> if you want to get involved, see if your school has a habitat for humanity club you can join. if it doesn't, consider starting one. visit teenkidsnews.com and follow the links to learn more. mwanzaa? >> thanks felipe. >>> the word "meh" -- m-e-h. it used to be something only a "simpsons" fan would say. but a major dictionary has now made "meh" an official word. it means "i don't much care." as in, would you rather watch re-runs of "one tree hill" or "gossip girl?" meh. >> hey, i love those shows! >>> coming up next -- the few. the proud. nicole takes us on a special visit wit
, unos niÑos son lanzados desde una mezquita en la india, segÚn la tradiciÓn, garantiza la salud, y la prosperidad, pero sin duda, es muy controversial, de esta forma nosos a yiukpah@tvn÷cgwa]kph@h@h@tvn÷cg rdo ar, h@h@tvrqfkph@h@nos h dea canción que uso tvxcgkph@h@acer la homosexualidad, todo esto y mucho mÁs, el primer impacto extra. >> en california, miles de bomberos, parecen estar ganando ante decenas de incendios forestales. >> tambiÉn, el presidente hugo chÁvez, dijo que los paÍses como venezuela y sus aliados son los mÁs importantes, en cuanto a la presencia militar en amÉrica latina. >> todo esto y mucho mÁs esta tarde en noticiero univisiÓn. h@h@tvn÷cg[oskph@tvn÷cgph@tvh@h estÁs de gira? >> a mi me gusta, si no fuera por los aviones serÍa perfecto, a mÍ lo que menos me cansa es cantar, me gusta mucho. >> y cÓmo escoges las canciones? >> es lo mÁs difÍcil de todo, ahora cuando salga por la puerta me van a decir porque no hiciste...? pero h@h@tvn÷cgpgmk@ >> si, h@tvn÷cgx[okph@h@h@tvn÷ck era como el resumen completo de la caÓn.tvn÷]kph@h@ >> muchtvn÷hk
hallaron 52,datos, 10 perros,dos conejos y los conejos de indias,en deplorables condiciones, tambiÉn encontraron 28 gatos muertos en un congelador, toda la superficie de h@la tdz÷qxncskph@h@ y la policÍa de atlanta revelÓ las imÁgenes de una cámara de vigilancia con la esperanza de hallar al sospechoso de golpear y robar a un anciano de 84 aÑos de edad en su propio hogar, el anciano dijo que el hombre lo amenazÓ de muerte, lo golpeÓ y lo ató a una silla. >> y escuche usted este caso, tres mujeres fueron acusados de conspirar con la esposa de un hombre para castigarlo porque estaba saliendo con muchas mujeres a la vez, una de ellas le vendo los ojos,y le prometiÓ un masaje, las otras lo volvieron en la casa, y aplicaron el pegamento conocido como , lo que a sus partes Íntimas. >> a tener cuidado. >> y pocas veces,es reconocido el trabajo las mujeres en su propio hogar, asegura un informe de la onu, se les reconoce menos que a los hombres. >> asÍ ocurra en el mundo y en particular en amÉrica latina. salvador castellanos nos dice cÓmo se percibe esa situación. >> un infor
security relationships that span connect decades. india's relationship with russia, is a key factor driving new delhi to turn toward washington. but the system is in need of reform. obama administration seems to want to re-engineer it and while still keeping u.s. systems from those who shouldn't have them and do so in a manner that gains kregsal support. thank you for joining us, i'll be back next sunday morning at 11:00. have a great week. fios tv, internet and phone for just $79.99 a month. oh, all right, see... you're just moving your fingers aren't you? i've gotta cut my nails. (announcer) now get three amazing fios services for the price of two. tv, internet, and phone for only... plus a free multi-room dvr for three months. record shows in one room- watch in another. call the verizon center for customers with disabilities at 800.974.6006 tty/v before september 19th. and get fios tv - ranked highest in overall customer satisfaction by j.d. power and associates
freedom, free enterprise around the world in places from poland and china and india.
floodwaters. at least 10 people are missing there. >>> there is another dark situation unfold anything india today as police and volunteers seven for the bodies on a scene of a devastating landslide. at least 43 people were killed when heavy rains triggered this slide in remote villages. searchers are having a tough time finding the remaining victims because of poor conditions there. >>> closer to home this morning, divers are returning to the murky waters of hudson river to resume the search for victims and the wreckage of saturday's mid-air collision between a small plane and a sight-seeing helicopter. all nine people involved were killed. and this morning the national transportation safety board begins the effort to find out why. nbc's michelle franzen has the very latest. >> reporter: one day after the horrific midair collision, crews lifted the wreckage of the sight-seeing helicopter. they loaded it onto a barge so investigators can search for evidence. >> the helicopter sustained significant damage. they're going to be conducting further examination of the wreckage. >> reporter: just n
hope you like working for somebody in china and india, because that's what's going to happen. >> his government-sponsored seminars and his own computerized program calledmer win transport home inventions into something companies can understand -- profit. >> fuel savings of at least 30%. >> doug just ran the numbers on this. >> this is my invention. >> mark's invention was too big to operate in the hotel ballroom, so we went to his garage for a look. >> this is a 55-pound sheet of drywall, 4x8 and we're ready to lift it. >> it allows one person to do just that, lift and hold heavy drywall or ceiling fixtures overhead. >> it's up. >> he got the idea remodeling his home. >> i needed to be able to hold this panel in place. my wife is 5-foot-tall, not going to help. >> he lost his job in the beverage industry a year ago, so mark is counting on this. >> i would love for some tool companies to buy it from me, and let me go on with my life, but in this economy i don't know if that's going to be possible. >> doug and his calculations say if mark finds a manufacturer it could be. >> it could s
economies, india, china. those consumers will spend more. their spending rates will come down and we will have the goods and services to sell to them. >> susie: let's hope they do buy things made in the usa. gentlemen both thank you so much for coming on the program. we really appreciate it. >> thank you, thank you. >> susie: kenneth rogoff of harvard university and mark zandi of moody's economy.com. >> paul: health care reform is the hot topic for congressional lawmakers on august recess and for their constituents. today, the insurance industry's lobbyist told reporters the battle over reform will be decided this month. the debate has centered on how to best cover uninsured americans. but a key issue: medical malpractice has been largely ignored. as stephanie dhue reports, some doctors say it shouldn't be. >> reporter: for capitol orthoapedics, apparently on the bottom line. the practice spends nearly a quarter million dollars each year on malpractice insurance premiums. dr. stephen rockower says the fear of being sued also leads to defensive medicine. >> i order a lot of tests th
choir talking to us live from long congress. >>> from talking about china, let's talk about india. ayesha faridi joins us live from india for the indian bit report. >> thanks for that, christine. the markets have picked up. 4,500 is back for the nifty. similar is the case for the sensex, as well. so you do have those pockets which actually give up their gains in yesterday's trade. for example, the entire auto basket is holing up strongly. tata motors is notching a 6.5% gain and you have the entire sugar pack on the kind of prices forming up. the entire sugar sector is picking up very, very much. we are picking up reports that the government has indeed chosen strife arkalap to be the generic formulation of tamiflu. they haven't got an official word from the government in terms of the kind of orders that they may actually bag and what sort of price appreciation or rather margin bump up it may lead to, but the stock itself is holding up very, very strongly in trade. meantime, 161 strains have been confirmed. with that, it's back to you. >> ayesha, thank you very much. in asia, yanzhou coal has agre
you make of this? you know what is going on with sugar is you have monsoons in india and brazilians taking a lot of money away into ethanol production and it isn't this sinister white house effort. what do you make of it? >> it really isn't a sinister white house effort. we have a two-price system for shirg. we pay domestic producers roughly twice the world price and those that consume sugar are upset about that. they don't like paying twice the price. they are trying to get down to the world price. i don't blame them. it is a perfect example of what you do when you screw around. i'm the only one old enough to remember when hi dad was in price of controls under nixon. it screwed things up terribly. i'm worried we will have it in healthcare and screwed up price system and i'm extremely worried. this sugar thing is an objective lesson. neil: you are referring to -- what do you think? >> price controls are coming in gasoline probably, energy. pause you see what they want to do with regulating. the commodities markets and keeping out speculators. this is the perfect example of how gover
. the storm dumped more than 80" of rain in some parts of southern taiwan. similar problems in india where they triggered landslides. it buried three remote villages. police and volunteers have been digging through tangled rock and tree branches trying to find victims. so far they have pulled 20 bodies from under that heavy debris. >>> now, the forecast certified baltimore's most accurate by weather rate and mars ace most powerful.com radar. >> tough to deal with the hot whether we had but i guess we have had it coming. >> it's been a mild one so far. >> you think back to even thursday and friday it felt like a touch of autumn in the air. that's all gone. done deal. >> no autumn now. >> i don't even want to say the heat is on, the steam is on. you can cut it with a knife out there. 92 degrees the current temp. but feeling much hotter with that humidity which is basically oppressive and only going to be getting more so. and a wind not much of one to cool you off west at 9. severe weather pushing into the far north corner of the state right now, as a matter of fact pig time storm rolling in
an hour and he wasn't actually detained but the story was front page news in india. >>> taiwan the president of the country said 3,000 have been air lift from a village bur buried by mudslides. at least 35,000 were rescued. the death toll could top 5,000. aid showing up including tent -- thousands are living in shelters. more than 59 country's have offered help. >>> a tropical storm taking aim at the gulf coast. claudette threaten the panhandle with heavy rain and high winds. anna and bill are in the atlantic. we have that story tonight. >> residents along the panhandle are bracing for claudettee likely to be the first storm to strike the united states main land this year. shoppers are already clearing shelfs of emergency supplies like water and batteries. >> starting to see customer interest in hurricane related items. >> forecasters agree. >> the gulf is more primed than usual for strong storms. >> two more storms are already lining up in the ocean aimed at united states. anna at 40 miles an hour and then bill. >> i think bill is going to be a major hurricane. it may cr
figures. outlook for the emerging markets, especially for india, that was very reassuring to investors. but holcim says it doesn't see a recovery before next year. are a part from that, we're watching ubs after the swiss government says said it will sell its ruffle 9% stake in the market until august. that will probably be somewhere around 70 so it will leave the swiss government with a nice profit here. overall, analysts are a bit more bullish especially that we heard the u.s. sacks has been signed yesterday and two major obstacles for ubs are out of the way. before i let you go, let me mention the swiss access data, we saw a drop of 27% from july so a small improvement compared to june when we saw a drop of 28%. that is it from zurich. >> thank you very much, carolin. the volumes are very low today. the french mngt is bouncing back after a flat session yesterday. total, the largest french oil producer, is up 2.3%. oil services, they are doing well on the back of increasing oil prices yesterday. also in good shape today, almost % higher, the dugmaker is boosted by a decision in the u.
children istructed to kill. bcews >> animation in india is a multimillion-dollar iustry, but most of the groh has com from work outsourced by western companies. a few pele are wrking on original dian characrs and story lines. could animatione bollywood's next big expor we have is report from mumbai. >> the quirkynternational icon is headed bollywood. this is jt one of the many original worksartoon neork s selected. five outf the 10 entries me fromndia. animation isaking its way to the center stage. >> today, and 10% of our contt is indian and animaon. having said that,t is dubbed in local lauages which makes it relevant. >> today the indian animation industry is valued at nearly $460 milln, a majory of that money mes from foreign companies. very little is generated from local companies and most of tt coent appears in advertisements. rarely do indian companieset involved at the idea stage. stories like this one are re. this animatoralso believes in finding your own style. he ent most of the time workin in advertisements and does n outsource work. according to hm, a larg number of
, focused on india when they ought to be focused on the jihadists -- >> where do you see it headed? >> i see the united states desperately keeping it from just imploding into civil war. >> very reassuring, evan.  >> yeas are 68, nays are 31. >> the world's greatest deliberative body gives its consent to the first hispanic to serve on the nation's highest court, and the third woman. 31 of the 40 republicans voted no, including orrin hatch. >> such activity, judging with uncertainty and instability in the law, and the result is an activist judicial philosophy that i cannot support, and that the american people rejected. >> if you voted for her, the national rifle association threatens to get your free if you voted against her, you could set yourself up for trouble with hispanic voters. >> john mccain was the biggest surprise to me. when lindsey graham, the senator closest to him on the judiciary committee, came out for her. there were only nine republicans who voted for justice sotomayor. four of them are retiring. i think that in itself is revealing. it remains a concern for republicans, w
. schools and colleges have closed for a week in india as the spread of h1n1 swine flu is tried to be contained. mumbai has seen 11 of the country's 15 deaths from swine flu. >> the australian government is funding a cull of feral camels. there are at least 1 million that are damages vegetation and infrastructure. welfare groups favor instead to make them infer tile. >> how does a ship disappear near one of the busiest shipping lane in the world? the search is on for a cargo vessel last seen off the coast of france and now missing for two weeks. it may have been taken over by pirates, something unheard of in european waters. >> how can a 4,000 to know cargo ship pass through the english channel two weeks ago, and then simply disappear off the face of the earth? the coast guard received a call from the arctic sea on july 28. what they didn't know is that shed earlier been attacked and boarded in swede issue waters by gunman pretending to be swede issue police. july 23, it set off with a cargo of timber. the next day, it was boarded. the crew tied up, and the ship continued. on ju
prosperity and will push that message next week during a visit to india which has been hard hit by the recession. >>> the university system of maryland plans to cut jobs and freeze hiring. the university has to cut more than $37 million from the budget. the proposal calls for laying off 24 people and eliminating 151 open positions, saving $12 million. other cuts include $3 million of travel expenses, the library budget, and computer support. >>> coming up -- a funding shortage. is to put the brakes on the cash for clunkers program. drivers are still cashing in. we >>> drivers are rushing to car dealerships, looking to trade in gas guzzlers for new models, to take advantage of the cash for clunkers program. congress is working on last- minute efforts to keep the program funded. >> cash for clunkers appears to be a victim of its own success. the $1 billion program had been scheduled to run through november, but after less than one week, it is nearly out of money. that is when congress came in, hours before leaving on its august recess, voting to add $2 billion to the program to ke
travel with doctors and other volunteers to countries near and far like honduras, india, kenya and vietnam. grace joined them on a mission to china. her job was to spend time with patients and their families and give them comfort before and after the operations. >> that was really, really interesting seeing such courage in such little kids. >> reporter: so what is the most enjoyable or rewarding thing about being an operation smile youth volunteer? >> well, the children wake up from their surgery and they are usually really disoriented and are really scared because they don't know anyone around them, and then we bring their parents in, and they see their kid for the first time, and they start to cry and it's really, really sad but it's an amazing experience because everyone's just so happy. >> reporter: operation smile was started by bill and kathy magee. they decided to get teens involved after their own daughter joined them on a mission. >> we said from now on there will always be high school students on our teams, we will always have university students. they are our future.
on the premise that the rising middle class in places like india and china will want to drive around in cars like we do here in the u-s. that will drive up the demand for at a time when supply may have reached its peak. 'supply goes down and demand goes up. its economics 101, price is going to go up." $12 per gallon "12 dollars per gallon will be a turning point in america. they will move out of the exurbs and move to higher-density, walkable communities." for some, leaving the single family home in the sububs for a more tightly packed apartment building may mark the end of the american dream. but steiner sees things differently. "the american dream is really about happiness. that isn't going to change. people will be surprise by how easily they can adapt from a single family home to sharing two walls in a town home." $14 per gallon at 14 dollars a gallon, steiner forecasts an end to big box stores like target and walmart. "when gas prices go pas $14 a gallon, the walmart model built on the price of cheap gas, the only reason it works because of cheap oil, will not be tenable." 80 percent of
unnecessary. on top of that, the huge expansion of economy such as china and india means that in our working lifetimes, the size of the european economy relative to address the world looks set to shrink dramatically. projections have shown europe's share of the world economy declining from 18% to 10% by the middle of the century, and even the united states is not immune from the effect of economic problems. this diminished economic weight will have a major impact on the ability of western nations to achieve their foreign policy goals. we are used to the idea of calling for economic sanctions against nations whose human rights records we find an acceptable. south africa under apartheid being a celebrated example. now we apply them to recalcitrant and regimes. it is already clear that the power of such economic weapons is declining. it follows from this analysis that it will decline much further in the years to come. what is more, much of the economic weight in the world is passing the countries which either do not fully share our concepts of democracy and human rights or for their own reasons
to pass a resolution in the u.n. council on human-rights. india, another rising power and the world's most populous democracy, is traditionally not inclined to support our western inclination to support human rights and economic pressure and military intervention. nor are many of the growing economic power centers in the world, brazil or in the call. not only has the world not converting around our own democratic norms, but according to a survey, global freedom to his third year of decline in 2008, but nearly powerful democratic nations do not share our view of how to conduct foreign policy. the liberal interventionism has generated much debate in britain. but the varying degrees, all have subscribed to it. the economic conditions have enjoyed some support as has military intervention in many countries. iraq being a much more controversial case, but heavily supported at the time. we're all agreed that we would try to intervene in another situation. but in the years and decades to come, the rise of other nations will constrain our ability to act in this way. a further constraint will come i
're there. >> abernethy: in india ere is often conflict between slims and hindus. but in mumbai this ye there is a joint celebration f islam's ramadan and hinduism's ganh chaturthiestival. both holidays started on t same day, and each fah group celebrating with the other. duringhe festival muslims have attended prayeservices for the hindu elephant headed god ld ganesha while hind feasted at muslim households as theyat down to eatfter their day long fat. that's our progm for now. i'm bob ernethy. there's much more on our web site, including mo about senator kennedy and relign, audio and video dcasts are also available. join us at pbs.org. as we leave y, music from bill and gloria gaith. ♪ ♪ captioning sponsored by the lilly endowmt captioned by media accesgroup at wgbh access.wgbh.orgs
, in an interview with mian india apologized to the north koreans. >> the young women have apparently admitted that they probably did trespass, so they are deeply regretful and we are very sorry this happened. >> hillary clinton was heavily involved in securing the release of ling and lee, and president clinton said he wanted to engage with the north koreans, but instead they conducted a nuclear test, fired a long-range missile and a flurry of short and medium range rockets. that's why some are worried about the messa they might get from clinton's visit. >> we could get in a situation of a moral hazard where by rewarding bad behavior we are only going to get more of it. >> that could be true, but tonight, with two young women hours away from what will surely be an emotional reunn, the families of laura ling and euna lee said they're counting the seconds to hold them in their arms. i'm martha rad dits for "nightline." >> the plane is expected to touch down in burbank, california, around 6:45 a.m. eastern time. late this evening, president obama praised clinton's trip as very fine work. >>> when
, ppleo again, minor injuries. noe second quake 160 miles th of india's iserndth and that one prompted a tsunami warning but so far no wave reported. that's good news. >>> meantime, dozens of people are dead and four others missing after a typhoon swept through. it dumped more than 80 inches of rain in some areas. that, of course, led to heavy floodened an mudslides. floodwater swept away this entire building. nearly million a people were evacuated to higher ground. >>> that is some harsh weather. >> 80 inches. >> i don't even know in how long. >> it doesn't matter. even if it's a couple of days -- >> that's a good point -- two years' rainfall for us. that's increde in. we're looking at another hot day tomorrow. not as hot. we'll go down. no records tomorrow. no more heat advisories. that will expire at 8:00 tonight. the next three days temperatures go down. 92 tomorrow. still relatively hot. 86 on wednesday. much better, a couple of storms still possible. we'll keep thursday dry. high temperatures about 87. we'll talk about the heat advisory until 8:00. when you have a heat advisory,
to micromanage what we can and cannot do in our lives. neil: we have a monsoon in india, and we have had adverse weather that was affecting the price of this stuff long before the rumors of what the administration was trying to do on imports. >> you are right. this is a longstanding bonehead policy we have had of having price supports that makes sense only for political reasons because they help the farmers in the upper midwest and cane farmers, but the fact is we are now at a crisis point. world prices are the highest they have been in 30 years -- oil prices are the highest they have been in 30 years. we are still paying a boat load in the u.s. because of these policies we have. neil: you can educate me. is it what they are doing or what countries like brazil are doing, you know, shipping a lot of their attention to at an all -- ethanol and taking a lot of corn out of the market? i talked about the weather in india and how that is affecting things. that may be where they are looking at a plot where there might not be one. >> i do not think it is a plot. i would not go that far, and the biggest
into that matter tonight. >>> and from india, a picture you have to see to believe. #. >> reporter: hundreds of infants were dropped from the roof of a mosque in western india. see for yourself. >> reporter: the children mostly under the age of two are caught in a bed sheet, the families are guaranteed good health and prosperity. >> that is what you call a bouncing baby boy. children's advocates not pleased. that brings us to our friday night punch line brought to us by jon stewart. he is stunned that republicans have a claim that health care includes euthanizing senior citizens. >> rumor has it that older american citizens would be put out to pasture. >> i have been told there is a clause in there that everyone that medicare age will be visited and told to decide how they wish to die. >> actually that is a provision for hospice care and counseling. tell her, obama. >> you know, i guarantee you first of all, we just don't have enough government workers to send to talk to everybody to find out how they want to die. >> mr. president, i'm not sure you want to go with dry witt on this one. >> jo
that will cut the fat so an india pale ale is great for that, this is ipa, and the interesting thing about these, these were designed to make the trip between britain and india, so the hop is acted as preverveive, last a long time and great with high fat foods. >> by the way, mouth wash bef i go to church. >> good idea. >> this is looks like thai food. >> spicy, ethnic food, you want to keep it local to where you're eating and that's my plan on how to pair properly. you also want something that has a greater ifme er ier i er ier . this is victory prima. this is a little hard to find but a delicious, really refreshing beer and goes really well with spicy food and then when i say keep it local, i mean this is what i'm always craving, when i'm having ethnic food, vietnamese, thai, asian, japanese, ioire always want to drink an asian beer. they're meant to be together. >> like a side. >> the sapporo we have here and eating spicy mexican, stick to mexico v a modello. barbecue, it's summertime. people have a misconception that guinness is high inical ris and really rich. it's actually refreshing. it i
they are not laid out effectively in the bill, or nobody has effectively exploited, or i am a driveling india, which could be dr.$(lc@&+ they have not explained it. -- or i m&a driveling idiot, which could be true. -- or i am a driveling india. >> this president is the most gifted communicator in my lifetime -- idiot. çhe has the ability to explain do. greta: you are right. he is acting like a know what all and that we should just accept it, and that is the problem. -- he is acting like a know it all. >> i think he has overreached. i think this will be a very bad summer for barack obama. greta: tucker, thank you. up next, the best of the rest. that is tucker's favorite segments. what do you keep in your freezer? lots of money? plus, check out this video. what are these people building? it is putting a smile on her face. the answer is coming up next, and tucker is going to stick around for this. this is my verizon small business specialist, tom. now, i know the catering business but when i walked in here i wasn't sure what i needed. i'm not sure what i need. tom showed me how to use mifi to get my
, whether that's new or not, india or pakistan possess nuclear weapons. >> right. >> and as it stands, those are just accepted responsible nations, so-called responsible nations. and then we saw pakistan and india go to war just a few years ago. threatening each other and they were told not to. is it a wise policy now to allow iran, knowing that -- >> to allow -- >> allow iran or to allow po persist or to go ahead with the nuclear armament? knowing that iraq and iran fought each other with the chemical weapons and how iran is threatening other countries in the middle east? and the religious fundamentalists are threatening each other. and now they're trying to contain that but from what i get from yours, it's all a superpower ideology, of course, that is true during the cold war. >> so let me try and answer your question about iranian -- the iranian effort to acquire nuclear weapons assuming that is what they are trying to do. i think we have to look at this in terms of two issues. one is the issue of nuclear proliferation generally and this relates to the faithlessness of the existing nuclea
sence and international competitiveness. it's a rearview mirror argument. china and india are cominup fast, we are aad of them, but our gas is running out and they have a rocket engineá we're not always going to be the world leaders in science. there's definitely a lot of data to support that concern. the answer is let's keyuate more scientists. and you heard that aot but less heard is this incredible fact. we're not creating opportunities at home for our talent either. only 7% of age 35 and under can expect to get tenture track facility positions. the rest need to take their scientific skills into history or into teaching, media if there's any positions left, somethg else. something where they can actually given their knowledge and backgrounds they can do a lot thelp connect science with the rest of society. so our argument in the book is coul't we kill two birds with one stone, couldn't we create new vows in what's cled the science pipeline for the young sciences who want to become a group of experts in outreach to the rest of america. coulde create jobs for theto do s nonprofit jo
india. we learned from democrat senator claire mccaskill that, quote, if we go too far with this, that is cap and trade, then all we are going to do is chase more jobs to china and india where they've been putting up coal-fired plants every 10 minutes. in sum, we have a slew of hearings in three unsuccessful votes on the senate floor. actually i'd say four because we rejected the kyoto treaty in the beginning. the democrats taught us that cap and trade is a great big tax and will raise electricity prices on consumers i would have to say in a regressive way, send jobs to china and india all without any impact on global temperature, so off we go into the august recess secure in the knowledge that cap and trade is riddled with flaws and that democrats are seriously divided over one of president obama's top domestic policy priorities. and we also know that according to a recent polling the american public is increasingly unwilling to pay anything, as the polling has shown, to fight global warming. but all this does not mean cap and trade is dead and gone. it's very much alive as demo
medicine. last week after working for years only with the generic drug companies principally in india and south africa, we announced our first big agreement with a large pharmaceutical company, pfizer, the biggest of all, has agreed to work with us to cut the price by 60% of the only drug we know that is affected at treating tubular chlorosis with people who have had aids for a long time. in other cases, all this medicine almost makes the conditions were spread half a million people die from this disease who have aids. the interactions of the madison and the t.b. medicine is often not good. the fact that they were willing to cut the price 60% will save a couple hundred thousand lives a year within two years. that is answering the how question. we tried to do the same thing in climate change where we are working with 40 cities around the world to reduce greenhouse gas emissions by retrofitting public housing, or big public buildings, or changing the street lights, or putting in new led streetlights in los angeles, or making ports more efficient, are working on better public transportat
people in india are tangling innocense over balconies for a 50-foot free fall. >> we will get a break from . >> well, we had a very active day today weather wise. hazy sunshine for most of the daytime today. and then right around 2:15 line of showers and storms developed and brought severe weather to our area. but the thing now is -- that we are dealing with clear skies out there and things calming down down at the inner harbour. nice evening in store. dealing with decreasing temperatures. and dealing with temperatures right around in the mid 70s for today. 75 degrees right around -- right now. partly cloudy skies. winds calm. and humidity up at 90 percent. and the dewpoint is at 68 degrees. on the doppler radar, we will see a dry sweep, and most of the activity is now moving out to the atlantic ocean. bigger picture, it was associated with a cold front that really moved in our area for today. brought a lot of severe weather. not only towards our area here in maryland. and dc. but pretty much along all along i-95 from bosston to new york city down toward baltimore and dc as well. so c
lank you -- sri lanka and india are teaming up with the national zoo for a celebration. >> and holly is there to talk about it. >> reporter: first i want to show you, it's ladies day at the pool here. we have amicca and shanty getting a water spr. but it's hot out here. when you weigh 9,000 pounds, you have to cool off some way. i'm not in here alone. i'm standing in here with marie galloway who is the elephant keeper and she's treated us for a super behind the scenes day today. thank you. >> your welcome. >> reporter: we talk about it being hot out, how is it for them? >> elephants are adaptive, but heat is not their favorite thing. >> reporter: so they're complaining in their own way. i hear you. well we wanted to talk about what is going on on saturday, because that's why we're here. and it's a super special celebration. someone is sneaking up on you right there. but it is celebrating asian elephants and what we have here at the national zoo. so tell me what will happen on saturday. >> saturday we'll have booths and things for people to come and see and put their hands on and expe
popular people in the world. i remember when he went to india. he became such a national hero in india that indians forgot about their own leaders at that time. when he went to ireland, the same thing. he's a very charming person. he is a very likable person. you see his body language. he disarms you. so he was just the right person for our country to use to free these young ladies. >> larry: couple of other notes. franklin, how's your dad? how's billy graham? >> well, thank you for asking, larry. he's doing quite well. he'll be 91 this year of course but his mind is still clear, sharp. he remembers everything and he loves you and he's watching tonight. >> larry: your mother passed when? >> two years ago this past june. my father misses her so very much. she was his soulmate. they were partners in life together. they really had a real love story. he was i think more in love with her the last few years of their marriage than they were when they first were married. a great lover to. she was an incredible lady. a lot of fun. >> larry: she was. deepak, what part in all of this do you think
are getting word that a 7.6 magnitude earthquake has struck near india's island. this is being felt in a number of countries. we're hearing even tokyo was shaken because of this. it's also called a tsunami watch and that watch covers india, myanmar, thailand, indonesia, bangladesh, as well. so, it could cause quite a bit of damage. we have a tsunami watch for all of those countries. it was a large magnitude quake, a 7.6 magnitude quake near india's island, but it's being felt in a number of countries including right in tokyo. they felt the aftershocks of it. >> wow. betty, there's some other news you're following right now, as well, right? >> absolutely. we want to talk gas prices making a steady upward climb. take a look at this. it's risen every day since july 21st when the national average price per gallon was $2.46. well, today it is up to $2.65, up 19 cents in just 20 days. analysts expect the price to peak as high as $2.70 a gallon, still well below last summer's record high prices. >>> and a wave of deadly bombings in iraq mass left at least 48 people dead and more than 400 i
-- the manufacturing jobs that were in america and were moved to countries like india and china. i think that they are experiencing an industrial revolution much like what we saw in the 20th-century. i think that they are developing a middle-class while we are losing our middleclass. i also think that for an economy to do well, there has to be a strong middle-class. that is indicative when you look at consumer spending indexes. we just don't have the money. we don't have the dollars because we don't have manufacturing jobs that developed are middle-class. guest: that is exactly right. that is the essence of the book, which is that china and india have replicated the success in developing this industrialized economy. by opening of their labor force to more exploitation, it does speak to the myth of gdp. you have a growth but poverty grows at the same time. the loss of manufacturing jobs is really such a central element to both this recession and the declining living standards in terms of the exploitation of people, but declining marriage rates, unraveling of our society and many other cou
of inflation especially in areas such as india and china, if we start to see areas there, we'll see commodities sustained. i am against ru bin on this particular point.t. i think we will see a stronger move ahead. it's more inflation led. the cost of money being so low at the moment that's driving that price. if we start to see a tightening, then the commodity rally westbound able to be sustained. >> martin, always a pleasure speaking to you. xw >>> shares in barclays trading higher after a profit jumped 8% in the first half to just under $5 billion. the numbers were shy of forecast after impairment charges on corporate and consumer loans jumped 86%. the profit of the group's investment dropped from a year ago thanks to the acquisition of lehman brothers and commodity revenu revenues. speaking first, the president bob diamond, said the bank is getting conservative. >> it's getting easier and easier to see exactly how it's going to play out. we are expecting a difficult second half in the year in terms of provisioning. that's part of our plan. >> in china, more signs that the government is putti
for joining us. let's head over to india and join ayesha faridi live for the india business report. >> thanks for that, christine. standing or staring at that 1.5% gain for both the sensex and the nifty. might i add, it has come off from the top of the day. we're almost staring at a 100 point rally for the nifty just about a while ago. technology has been weak in trade today. watch out for counters. unitech amongst the real estate space, it's almost a tug of war space. reliance industries, which has an extremely high weighted in the index, that counter is flattened. but the rest of the market is looking good. telecom is definitely in focus. reliance communications now, we are expecting up from our sources that reliance communications is in talk for source based information up now. but that counter is holding up. more update coming in part and mtn, the deal is currently on and our sources indicate that the board will be meeting today. if it is conclusive, we can expect some agreement from the deal in the next ten days. the going has been good for that one. the metals space and the real estate
this market. and the sensex in india, only market trading on the up side right now, up 0.3%. overall, a weak picture here in terms of crude oil and nymex crude. down 21 cents. concerns about global demand weighing on this, nymex, $71.22 a barrel. brent is falling, as well, down 30 cents, $71.35 a barrel. mike, good to see you. how are the futures looking today? >> good afternoon, christine. good to see you, as well. and the futures at this point are looking like the dow is going to shoot for straight eight with seven consecutive days tying its longest win streak of the year. it looks like we could have a mixed open at least in about 5 1/2 hours time from now. moving on to the treasury market on the back of another relatively successful auction yesterday of two year notes and ahead of another auction today of seven year notes, we do see the bund yield creeping up at 3723%. yesterday, the price went up just a little bit on the benchmark ten year t-note and the yield came down and that trend is continuing, although it's basically unchanged with yesterday's close right now at 3.43%. and then mov
.s. it sparked massive protests in india. what this is all about coming up. >>> having trouble parallel parking. wait until you see what this kid can do. she wants to make up. we decide to turn in early. we just know. announcer: finding the moment that's right for you both can take some time. that's why cialis gives men with erectile dysfunction options: 36-hour cialis or cialis for daily use. cialis for daily use is a clinically proven low-dose tablet you take every day, so you can be ready anytime the moment is right. tell your doctor about your medical condition and all medications and ask if you're healthy enough for sexual activity. don't take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. don't drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long term injury seek immediate medical help for an erection lasting more than 4 hours. if you have any sudden decrease or loss in hearing or vision stop taking cialis and call your doctor right away. announcer: cialis for
visit to india in 2006, david cameron said that he believed it was time for britain and india to forge a new special relationship, focusing particularly on fighting terrorism, protecting the environment, and globalization. india is also a leading member of the commonwealth, which has been valued on to the labour -- which as been devalued in the labour gouvernment. it is extraordinary diversity offers some straight, a unique network of 53 countries spanning five continents with 30% of the world's population. we believe the commonwealth is a tool to be picked up and used more often, to help dialogue and conflict prevention, taking a leading role in addressing state failure by coordinating up future rehabilitation package for its former member, zimbabwe. get the commonwealth is not the only group of countries where we can recreate historic connections on a new modern basis. i have long argued that britain should embark on the elevation of its links with many countries of the middle east in the gulf. not only diplomatically, but in matters of culture, education, commerce, and security. thi
type that india is looking to purchase. >> reporter: and the same type that now functioned last year, killing 20 people onboard. eric wortham works for the naval institute and wrote a book on the world's combat ships. he said by sending subs to the east coast. >> they're showing our submar e submarines are still viable, our ships are powerful. and this is why you can still view russian weapons as something you can purchase. >> reporter: russian subs haven't been this close to the u.s. coast in over ten years. >> there's abeffon effort to pr force around the world. >> i tell you no one is alarmed by it because nobody is. >> reporter: this is about making money, not war. india used to buy planes from russia but inked a $2 billion for the seller of this aircraft, the seller, american company, boeing. >> russia is concerned that foreign customers are not looking to them anymore as a leader in the export market. >> these subs are in international rat waters and paf regular control. india is releasing two of the subs with the option to buy. joe, kiran. >> chris lawrence, thank you so much
. we will start right on time. the ambassador from india is here. [laughter] [applause] but councilman jack evans is here. [applause] we have representatives from different embassies, as well. let me begin this morning by introducing our special guest, dr. christina romer. as many of you may know, she is the chair of the council of economic advisers. that position was established by the employment act of 1946 where it was decided that the president of united states needed independent, objective economic analysis and advice. from the time that the council was greeted the late 40's, it has had some of the most distinguished economists serving in that position. it has had a long history of very distinguished economists and dr. romer is within the tradition. she is what the best known economists in the country and one of the best known macro economist in the country. she served for 20 years as a member of the faculty of the university of california, berkeley. in that position, she became an expert on the depression, the causes and consequences, and how the u.s. government responded. she ca
they looked at the impact of a flood in countries like india and and parts of asia, and neighboring countries. guest: if you think about water as are most of will and life support system and the vehicle through which we will feel the impact of climate change, weather drought or desertification, floods, rising sea levels, melting glaciers, seasonality of rivers creag before they ran year round. all of that is absolutely going to change the world as we know it. host: with we'll get to your phone calls. we have folks waiting. i did want to give folks a look at what's blue august is about. >> the ocean needs our help. time is running out. >> people have heard about global warming for years but it is only the past five years that experts really understood that carbon dioxide is causing problems for the oceans as well. what is worrisome it has not been on the radar. >> in a few decades it will profoundly altered oceans chemistry, rapidly making the water more acidic. >> scientists have demonstrated that if we continue to pollute as we are now, the ocean as said it will double by the end of the cent
. >>> in india, this guy's a big bollywood star. in new jersey, just a guy who apparently looks to somebody else like a terrorist. is this a tsa profiling case or somebody trying to get publicity for themselves? i was in the grocery store when i had a heart attack. my daughter was with me. i took a bayer aspirin out of my purse and chewed it. my doctor said the bayer aspirin saved my life. please talk to your doctor about aspirin and your heart. i'm going to be grandma for a long time. it doesn't cover everything. and what it doesn't cover can cost you some money. that's why you should consider... an aarp medicare supplement insurance plan... insured by united healthcare insurance company. it can help cover some pd what medicare doesn't... so you could save up to thousands of dollars... in out-of-pocket expenses. call now for this free information kit... and medicare guide. if you're turning 65 or you're already on medicare, you should know about this card; it's the only one of its kind... that carries the aarp name -- see if it's right for you. you choose your doctor. choose your hospital. and
of people, people from india, for example. >> that's probably the biggest town hashlgs but when you have people from around the world, log on to twitter or facebook or cnn.com, that is a the biggest town hall you can have and the biggest conversation. are you hearing anything from the administration? >> well, they have all our e-mails but we haven't heard back. i have friend, by the way, in the administration. >> and they're aware of if. >> they are aware of it. they do follow it. there isn't anything by the way, insidious about it. they have their view about how to do health care. but they do acknowledge there are difference of opinion. >> overall, as pie said, i talked to you guys about this, when the media comes out and they see like signs or screaming or yelling or someone with a gun, that's what the pictures are going to be and ultimately it distracts from the real issue on this. online is a way really to get past all of that and to get people's real concerns about what is going on. do you think that there are great ideas that are coming from the social media that we are not hearing
'd bng in ladies shoes from india at $5 you'd add a dollar on for the insurance and freight and you'd sell them by the container loads on duane street in new york city and your income statement would be $150,000 in revenue. your cost of goods sold would be 130, your gross profit would be 20 and your fixed profit would be 12 and you would make $8,000 before tax and that was my business model. and that comme by that child in 1982 has been what i've been thinking about almost nonstop for the last 27 years. how do you teach capitalism? how do you teach ownership? how do you teach people to control financial assets, their time and their thoughts. people who have been excluded from the system. people that have not been given a chance to participate in markets and in capitalism and instead many times have had markets used against them by accident. that's what i've been thinking about, for the '80s, for the next 7 1/2 years i rotated around it. i went to very difficult schools. i worked on one thing over and over again to develop a course, to develop a teaching methodology and lesson plans
in india and japan, after two strong earthquakes at sea. one just south of tokyo bay. another even stronger quake hitting just off the coast of india. japanese authorities shut down two nuclear reactors and bullet train service as a precaution. right now, they're carrying out intensive safety checks and inspections, but so far, no major damage or injuries have been reported. >>> in new york city, divers have found the body in the wreckage of a small plane at the bomb of the hudson river, it collided with a helicopter on saturday, resulting in nine deaths. the body is pinned in the wreckage and cannot be recovered right now. the plane could be lifted from the river as early as tomorrow. >>> on wall street, stocks retreated today, as investors locked in profits after a four-week rally. the dow jones industrial averages down 32 points, the s&p 500 lost three, and the nasdaq finished eight points lower. now back to "hardball." >>> welcome to "hardball." south carolina governor, mark sanford, may have more trouble right now, "associated press" reporter jim davinport wroed wrote this -- >>> gover
and india and they're going to be growing very, very rapidly. >> that's where the fish are. fish where the fishes are, right? $1.33 billion people in china. >> larry, do you see a move of that magnitude over the next two years? i see growth, recovery, a little bit slow. the consumer may be out of the fetal position, but not really doing a whole heck of a lot right now. that's two-thirds of the economy at least. >> we're bullish. i don't know that we're that bullish. that's a lot to expect given how far we've come. i think you're right. the consume ser truliry weak. retail sales rely lousy. let me put it this way though you. need a weak consumer to prevent a real recovery. in other words, a few quarters of 5 or 6% growth but the consumer comes after the labor market gets going. i think the risk is you get a normal recovery. people are surprised. that will keep this market going. down the road in a couple years, i think where you run into trouble, they've got at some point they have to withdraw some of the stimulus. we can't run these deficits. that's why i'm not so bullish to say 50% hi
will not tone it down we are miracle whip >>> tsunami warnings have been lifted in india and japan after two strong earthquakes at sea. one of them was just south of tokyo bay. another even stronger quake hitting off the case of india. japanese authorities shut down two nuclear reactors and bullet train service as a precaution number major damage or serious injuries have been reported. nnchts new york city, divers have found the body and wreckage of a small plane at the bottom of the hudson river. that is the plane that collided with a sight seeing helicopter on saturday resulting in nine deaths. divers say the body is pinned in the wreckage. authorities hope to lift the plane from the water later today. meanwhile in, capitol hill, house leaders are scrapping plans to spend $330 million on new high end jets for senior officials. instead, they're asking for only $220 million to replace a handful of older jets that they say have safety and maintenance issues. now back to "hardball." >>> welcome back to "hardball." south carolina governor mark sanford may have more trouble right now. associated
's basically the only computer people are going to have in emerging markets. in india a government regulator just put out a report, four times as many people getting on the web on their phones as on their pc. >> what about that? do you buy into some of these trends or are you just literally looking very specifically at dividend plays and value plays? >> well, one of the things that we've seen is the u.s. consumer and consumer around the world is actually continuing to buy stuff, which is great. you would think that with the challenges the consumer has faced over the last year or so in deleveraging and everything else and the job market the way it is the consumers wouldn't be spending. but one of the things that we're hopeful about with the economy is that the consumer's actually out there spending money. >> well, what about the market here? you're talking about a market that's up 50% from the bottom on march 9th or so. >> we think right now we're pretty much as close to a maximum value point for the moment. when third quarter earnings come out, we expect them to be pleasing enough that the m
. >> and how are we doing on that very well, china and india are becoming rich. that's the center of gravity to the world, china and india. if they become rich countries the majority of moneykind is rush marine tour sglnjts in the remained of your life, whether 10 years, or 20 years or what you-- what would you like to achieve? >> i don't have any illusions that i will karks chief these great things. i like to help push people and push things in a sensible way. >> as you know most people think your more interesting ideas in physics came a long time ago. >> that's true. >> rose: i know. >> i enjoy life and don't particularly care what i'm doing at that moment that is interested. is it challenging and interesting to you you? >> science, of course, to me is sun and just like painting pictures or anything else. >> rose: it's a puzzle. >> well, i would say it's a technical skill, which is fun to exercise. >> rose: yeah. there is this idea that physics has had its sentry, and the. >> i think that's quite likely to be true. it's certain that physics has slowed down during my lifetime. largely just
countries, brazil, india, russiaa, china. russia is still one of the ones you want to be invested? i recognize as oil goes higher it's positive but russia was sort of the outlier there for a little while. >> i'd say we're most focused, you know, at morgan stanley investment management we have an investment emerging markets portfolio manager rushi sharma. i agree with him. we very much like the india story. i'm probably a little more positive on brazil. but we want to stay in the big liquid countries. and we also have a positive bias toward some of the smaller countries where we're seeing catch-up, things like turkey. but there's a lot of interesting things going on in the u.s. versus global. take china versus the u.s. right now. china's financials are trading at almost three times book. the u.s. financials are trading at one times book. and in the near term i think the chinese banks will continue to do well, but ultimately they're going to participate price the way u.s. banks did from excessive lending along the way. there's going to be opportunity we do long, we do long short, and t
to call this glass new. it goes back to the origins of world trade to the east india company and hudson bay company. there is nothing particularly new to be a fruitless soldier and diplomat or preacher or businessman or woman for decades ibm employees have said the initial stand for i have been moved. what is new, the relos themselves, the breadwinners -- i will start -- what is new is growth in numbers of corporate relos, a figure i estimate to be about 10 million people, that is the breadwinners themselves and their families and how that has grown with the growth of the american economy. american foreign trade to cite a statistical the goods and services we buy and sell abroad has leaped from about $400 million in 1970 to over 3 trillion now as companies american and foreign compete. they need people to carry their banner and build business far from home. you've not heard the word reloville because i made it up. it is about workers and families frequently relocating, they are see real long-distance movers. the word relos originated among agents who specialize in catering to them. relo
what he is doinin india. >> yes. >> charlie: deloping a lile sedan for $2,300. >> right, rht, right. >> where do you put that in th wholequation of wher the future of cars are? >> well i thi it is a gd idea to haveffordable cars. >> you kw, i think t problem with something ke nana, tata, t a problem i think it is a great idea, and he is a gentleman and a holar. >> chaie: all of those i agree with. it is hard no to. >>es. exactly. i thinkhat as we look at e gasoline of the price of that rising, and ihink oil-- >> and inevitae -- do you have some sumptions in your own calculations as to where oil will level off? >> i thinkt will exceed the numbers we have seen last ye. >> 144? >> oh, yeah. re. solutely, i think we will see it approach $200 and bond. >> charlie: by 2010, 11, 12? something like that? >> whenevethe next boom is, as i say the next boom is four years from nowit will be around that point. >> charlie: of a of your businesses, which one do you care the mos about? >> well,right now,y time is split rougy evenlbetween tesland space xo i guess it woul be prettyven between the tw
and could provide for her family, a single mother. her job is now in india. those x-rays are emailed every night to india, and all those ladies who did that job are out of work. my grandmother in tyler, texas, this week we had a meeting of the family. she had a stroke and has been in intensive care in a long-term nursing facility. her medicare will not pay for her to be there anymore unless we put her in long term. she has to switch over to medicaid. my mother and her two brothers had to figure out, can we afford to have a nurse come to the home so my grandmother can pass away with dignity, or do we have to leave her in a nursing home and hope medicaid can pick up. this is not feel sorry for chuck rocha. everybody in this hall can tell that same story at some level. my family is not the only one having that meeting. their families all over the country having that meeting, and we need health care reform now. [applause] it is up to us, the people in this room. you have the power, just like the unions had the power and young people in this country have the power. we do have the backbone. we d
compete, against china an india, where vinyl and labor laws are virtually nonexistent, government needs to help, not make things harder. that requires tough choices, and the golden -- in the golden state as well as washington. in los angeles, william lajeunesse, fox news. >> jamie: that is the story in california. what about on a national scale? critics of cap-and-trade are pointing to a new study from the energy department, a federal report, and it says the democrats bill will lead to job losses, especially manufacturing. indiana republican congressman dan burton is joining me now. from indianapolis. congressman, good to see you, thanks for being with us. >> thanks, nice being with you. >> jamie: let me ask you about cap-and-trade and the fact the president insists there will be so many jobs, green jobs, mostly, but this study says in fact there will be no more jobs as a result of the legislation than there would have been anyway. what is your interpretation of the report. >> well, you know, jamie, spain has tried this already, and for every job, new job created that would help the env
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